Pioneering treatment reverses incurable blood cancer in some patients    Japan rattled by 7.5-magnitude earthquake, authorities warn of aftershocks    Australia's social media ban for children has left big tech scrambling    Riyadh–Doha high-speed train: What the new project will deliver in six years    In-person classes suspended in Jeddah and Rabigh schools on Tuesday amid issuance of a red alert    Al-Sharaa places a piece of Kaaba's Kiswa, presented by Saudi Crown Prince, at Umayyad Mosque    Saudi economy records 4.8% growth during Q3 2025    Maestro unveils 3 new flavors in collaboration with Netflix    Saudi Crown Prince, French President discuss over phone efforts to achieve regional security    Unicharm Gulf Hygienic partners with Qiddiya as official Family Care Partner of Six Flags and Aquarabia Qiddiya City    Crown Prince and Emir of Qatar co-chair Saudi-Qatari Coordination Council meeting in Riyadh    HONOR and Rotana Music Group announce Strategic Partnership, capturing unrepeatable moments at "Mohamed Abdo Sha'biyat Night"    Inside Saudi Arabia's next great digital leap    Netanyahu says second phase of ceasefire expected 'very shortly' during Merz visit to Israel    Thailand launches airstrikes on Cambodia as Trump's peace agreement hangs in balance    Mohamed Salah says Liverpool have "thrown him under the bus" as relationship with Slot collapses    Saudi creatives shine in Starbucks Design Competition celebrating Year of the Handicraft    Who are the early favourites for the 2026 World Cup? Form, data and draw analysis    Saudi Arabia drawn with Spain, Uruguay and Cape Verde in 2026 World Cup Group H    Saudi Arabia advance to Arab Cup quarterfinals with 3-1 win over Comoros    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Alwaleed stays at top of Arab billionaire list
The Saudi Gazette Published in The Saudi Gazette on 09 - 04 - 2012

The Kingdom of Saudi Arabia and Lebanon record the highest number of billionaires, while 2012 welcomes newcomer Morocco to the billionaires club, Forbes Middle East said Sunday in its report on the Arab billionaires ranking.
Prince Alwaleed Bin Talal tops the Arab billionaires list with a fortune of $18 billion, followed by Lebanese-Brazilian billionaire Joseph Safra with $13.8 billion.
The 36 Arab billionaires have a combined total net worth of $121.3 billion, improving on last year's figure of $117.6 billion.
Both Saudi Arabia and Lebanon led the way on this ranking with eight billionaires each. Despite recent political turmoil, Egypt was runner up with seven billionaires, followed by the stable United Arab Emirates with a total of four. However, this year's major headline was newcomer to the billionaires club, Morocco, which entered the ranking with three billionaires: Miloud Chaabi, Othman Benjelloun and Anas Sefrioui.
Kuwait ranked sixth with two billionaires, Bassam and Kutayba Alghanim, and it should be noted that Kuwait's wealthy Al-Kharafi family were removed from the ranking following a formal request from the Kharafi Group. Jordan, Syria, Iraq and Sudan also featured in the ranking with one billionaire each.
Standing out among the success stories featured in the Forbes Middle East billionaires issue is Sulaiman Al-Rajhi & family, ranked in 5th place with a family net worth of $5.9 billion.
The Saudi banking tycoon-turned-philanthropist made headlines last year with an unprecedented decision to relinquish much of his fortune, distributing his wealth among family and donating a significant proportion to charity. Also standing out from the crowd is Moroccan frontrunner Miloud Chaabi, ranked 10th with a fortune of $2.9 billion. Started working at the age of 15 as a shepherd, then as a farmer, before moving into the construction industry, Chaabi today leads the Moroccan billionaires as head of Ynna Holding - a company specialized in real estate development, hotels, retail and industry.
The listing aims to highlight the inspirational stories of the region's Arab billionaires, as well as the challenges and obstacles overcome on the road to success. – SG

Clic here to read the story from its source.